The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
License Type:Market Making(MM)
Regulated in Country/AreaUnited Kingdom
Regulatory License No.：124721
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Finwell House26 Finsbury SquareLondonEC2A 1DSUNITED KINGDOM
Phone Number of Licensed Institution :4402073921401
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General Information & Regulation of ETX Capital
ETX Capital is a trading brand of Monecor (London) Limited, company registration number 00851820. As a member firm of the London Stock Exchange, Monecor (London) Limited is regulated by the Financial Conduct Authority (Financial Services Registration Number. 124721).
ETX Capital offers investors a wide range of tradeable financial instruments, mainly Forex, indices, stocks, CFDs, commodities, etc.
Minimum Deposit of ETX Capital
ETX Capital provides two account types in line with trading platforms it offes, the Trader Pro and the MT4 account. The minimum initial deposit to open an account required by ETX Capital is $100, which is relatively low for the industry, making the broker attractive to those new beginners with limited initial capital.
Leverage ETX Capital
ETX Capital offers traders 7 currency pairs with leverage up to 1:200, indices with leverage of 1:20, stocks with leverage of 1:5, gold with leverage of 1:20, silver, copper, and platinum with leverage of 1:10.
Spreads & Commissions of ETX Capital
The minimum spread for EURUSD is 0.7 pips, for EURJPY 0.9 pips, for GBPUSD 0.9 pips, for UK indices 1 pip, for Wall Street indices 1 pip, for gold 0.4 pips, for silver 0.03 pips, for copper 0.4 pips, for platinum 2.0 pips, for crude oil 0.03 for crude oil and 0.02 for natural gas. Commissions are 0.1% per deal for the UK and European stock trades, 2 cents per share for US major and minor stock trades, and 0.2% per deal for Australian stock trades.
Trading Platforms of ETX Capital
ETX Capital offers two types of trading platforms. There is the MetaTrader 4 and the own developed ETX Trader Pro. Both software is available for any device. Traders can use their computer, smartphone, or tablet. There is not so much difference between the MetaTrader 4 and the ETF Trader Pro. Both software come with multiple chart types, technical indicators, and customizable tools.
Deposit & Withdrawal of ETX Capital
ETX Capital supports deposits via bank wire transfer, internet wire transfer, VISA/MasterCard and UnionPay, Skrill e-wallet, NETELLER e-wallet without commission, and ETX Capital offers its clients 5 withdrawals per month (calendar month) for amounts over $100 without commission. However, as ETX Capital has to pay a fee to the bank for the execution of the withdrawal request, a fee of $25 per withdrawal will be charged to clients who make more than 5 withdrawals - but not for the first 5 withdrawals.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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